In The Matter Of The Complaint Of Bowoon Sangsa Co., Ltd.

720 F.2d 595 1984 A.M.C. 97 In the Matter of the Complaint of BOWOON SANGSA CO., LTD., as Owner of the M/T Bowoon No. 7 for Exoneration From or Limitation of Liability. BOWOON SANGSA CO., LTD., Complainant and Appellant, v. MICRONESIAN INDUSTRIAL CORPORATION, Appellee. No. 81-4174. United States Court of Appeals, Ninth Circuit. Argued March 9, 1982. Submitted Aug. 1, 1983. Decided Oct. 25, 1983. Erich P. Wise, Graham & James, Long Beach, Cal., for complainant and appellant. George L. Waddell, Dorr, Cooper & Hays, San Francisco, Cal., for appellee. Appeal from the District of Guam, Territory of Guam. Before HAYNSWORTH, * TRASK, and WALLACE, Circuit Judges. WALLACE, Circuit Judge: 1 Appellant Bowoon Sangsa Co. (Bowoon) is a Korean corporation with its principal place of business in Seoul, Korea. Appellee Micronesian Industrial Corp. (MIC) is incorporated under the laws of the Trust Territory of the Pacific Islands and conducts business in Palau. Coconut oil belonging to MIC was loaded onto Bowoon's vessel in Koror, Palau, for shipment to ports in California. While leaving the harbor, the ship grounded on a reef. In order to free the vessel, the Master jettisoned…